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Pidilite Industries gets nod to acquire entire stake in HAMSPL

29 Oct 2020 Evaluate

Pidilite Industries has received approval from Board of Directors for acquiring 100% stake in Huntsman Group’s (USA) subsidiaries in India namely ‘Huntsman Advanced Materials Solutions’ (HAMSPL). This is for a cash consideration of approximately Rs 2100 crore, excluding customary working capital and other adjustments, subject to certain preconditions being met prior to the closing of the transaction.

HAMSPL manufactures and sells Adhesives, Sealants and other products under well-known brands such as Araldite, Araldite Karpenter and Araseal in India.

Pidilite Industries is a well-known name in the adhesives market.

Pidilite Inds. Share Price

1393.25 62.55 (4.70%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
BASF India 3703.10
Tata Chemicals 709.05
SRF 2493.65
Pidilite Inds. 1393.25
Deepak Nitrite 1538.00
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